Fractal Support and Resistance Levels - MetaTrader 4 Script | Forex Indicators Download - MT4/MT5 Resources
The indicator plots support and resistance levels based on the last MN1, W1, D1, H4 and H1 fractals. Together with the fractal indicator, it makes the detection of channel boundaries and breakouts very simple.
Attachment download
📎FractalSupportResistance.mq4 (3.97 KB)
Source: MQL5 #11088
Fractal support and resistance levels - MetaTrader 4 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Fractal Support and Resistance Levels - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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